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Malaysia Economy to Expand Slowly

Malaysia Economy to Expand Slowly Malaysia Economy to Expand Slowly

The Malaysian economy is expected to expand at a slower rate in the months ahead, according to the department of statistics, Yahoo reported. In its report, its Leading Index posted a decline of 1.5% to 116.4 points from 118.2 points in the previous month. The high percentage decrease were the real imports of other basic precious and other non-ferrous metal (-0.8%), with the annual change of LI showing a slow momentum in the reference month. Meanwhile, the Coincident Index which measures the current economic activity grew by 0.2% in February 2016. The annual change of CI rose to 1.1% against 0.9% in January 2016. The annual change of LI showed a slight decrease from the previous month, however, the annual change of CI showed an improvement in February 2016. Simultaneously, both Diffusion Indexes were above 50%. “Based on this scenario, it is expected that the Malaysian economy will continue to expand at a slower rate in the following months,” the statistics department said.

 

Financialtribune.com